FDIC Certificate #: 7054 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Provident Bank (#30337) Federal Reserve ID: 896605 Date Established: January 01, 1933 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 4708 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 24, 2002 Last Structure Change Process Date: May 07, 2002 Last Data Update: May 07, 2002 Data Source Date: April 05, 2012
Location
Address: 7 Edward J. Lempka Drive, Florida, NY 10921 County: Orange Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Newburgh, NY-PA (#5660) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): Poughkeepsie-Newburgh-Middletown, NY (#39100) CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
Financial Summary
Total assets: $105.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
27Total employees (full-time equivalent)
$104,817Total assets
$4,415Cash and due from depository institutions
$300Interest-bearing balances
$57,599Securities
$16,300Federal funds sold & reverse repurchase agreements
$23,674Net loans & leases
$176Loan loss allowance
$0Trading account assets
$1,402Bank premises and fixed assets
$408Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,019All other assets
$104,817Total liabilities and capital
$88,104Total liabilities
$87,221Total deposits
$62,620Interest-bearing deposits
$87,221Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$883All other liabilities
$16,713Total equity capital
$16,713Total bank equity capital
$16,713Perpetual preferred stock
$0Common stock
$175Surplus
$300Undivided profits
Memoranda
$16,238Noncurrent loans and leases
$2,538Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15Earning assets
$0Long-term assets (5+ years)
$880Average Assets, year-to-date
$97,873Average Assets, quarterly
$29,647Volatile liabilities
$95,690Insider loans
$102,193FHLB advances
$6,278Loans and leases held for sale
$1,672Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,538Total unused commitments
$0Restructured Loans and leases
$176Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$5,368Total interest income
$1,966Total interest expense
$3,402Net interest income
$60Provision for loan and lease losses
$444Total noninterest income
$0Fiduciary activities
$289Service charges on deposit accounts
$0Trading account gains & fees
$155Additional noninterest income
$2,500Total noninterest expense
$1,090Salaries and employee benefits
$445Premises and equipment expense
$965Additional noninterest expense
$1,286Pre-tax net operating income
$23Securities gains (losses)
$372Applicable income taxes
$937Income before extraordinary items
$0Extraordinary gains - net
$937Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$210Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.02%Yield on earning assets
2.21%Cost of funding earning assets
3.82%Net interest margin
0.50%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
0.96%Net operating income to assets
0.98%Return on assets (ROA)
1.37%Pretax return on assets
5.86%Return on equity (ROE)
4.54%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
3000.00%Credit loss provision to net charge-offs
673.00%Efficiency ratio
65,003Assets per employee
3.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.41%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
1173.33%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.06%Net loans and leases to deposits
27.14%Net loans and leases to core deposits
29.25%Equity capital to assets
15.94%Core capital (leverage) ratio
16.16%Tier 1 risk-based capital ratio
41.01%Total risk-based capital ratio
Memoranda
$41Average assets
$95,690Average earning assets
$15,997Average equity
$89,096Average loans
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